Welspun Gujarat, India’s leading pipe manufacturing company has announced the acquisition of MSK Projects (MSKP IN, not rated) – a construction company – for a consideration of INR8bn (75% stake). Synergies from this acquisition may include – diversification into the infrastructure sector, enhancing Welspun’s ability to provide its customers with end-to-end solutions to plate-pipe-pipeline laying; and MSK Projects through Welpsun’s balance sheet support likely to bid for large infrastructure projects specifically into the road sector. MSK’s current order book of INR5bn constitutes 40% road projects.

Here is the take from various brokerages on Welspun Gujarat’s Diversification move. Kotak analysts said there will be few orders where pipe Read more

Welspun Gujarat Stahl Rohren Ltd., the 2nd largest line pipe company in the World has recently won orders worth Rs. 600 Crore for Pipes from its prestigious global clients.

It may be noted that Welspun very recently announced another order of Plates and Pipes worth Rs. 600 Crore. With the addition of these orders, the current order book of the company stands at Rs. 7,800 Crore without excluding the orders being executed in the current quarter. Read more